So, first and most important, Abra is an intermediate language (similar to assembly) What does this mean?
1. Abra needs a higher level language. This means that we will be getting higher level languages that compile to abra, and then to machine code.
2. IDEs will eventually be written for Abra's higher level languages.
3. Low amounts of progress for the month of july. Working on the qubic compiler, nothingburger news. Actually hold up! This is EXCELLENT news. No news and steady plodding along is exactly what investors want to hear. No hype, actual work, actual human pace, which means they aren't hyping stuff and making fluff promises. Pretty good stuff.
So in conclusion, this is good news, and good for people who are buying and accumulating rather than trading.